document.write( "Question 911754: A trust fund has invested $8000 at 6% annual interest. How much additional money should be invested at 8.5% to obtain a return of 8% on the total amount invested? \n" ); document.write( "
Algebra.Com's Answer #553344 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! We know 3 rates and one amount invested. \n" ); document.write( "0.06*8000+0.085*x=0.08*(8000+x) \n" ); document.write( "Multiply out. \n" ); document.write( "480+0.085*x=640+0.08*x \n" ); document.write( "Combine like terms. \n" ); document.write( "0.005*x=160 \n" ); document.write( "Isolate x. \n" ); document.write( "x=160/0.005 \n" ); document.write( "Divide. \n" ); document.write( "x=32000.0 \n" ); document.write( "Check. \n" ); document.write( "0.06*8000+0.085(x)=0.08*(8000+x) \n" ); document.write( "480+0.085*32000.0=0.08*(8000+32000.0) \n" ); document.write( "480+2720.0=0.08*(40000.0) \n" ); document.write( "3200.0=3200.0 \n" ); document.write( "Ok \n" ); document.write( " \n" ); document.write( " |